Editor's Review
Acorns is a comprehensive financial wellness app designed to help you save, invest, and grow your money for the future. With over 13 million Americans already trusting Acorns with their investments, it's a popular choice for those looking to build a solid financial foundation. 💰
Acorns believes financial wellness is accessible to everyone, regardless of income. The app provides automated saving, investing, and spending tools to help you manage your finances effectively. 🛠️
Key Features:
- Invest: Easy, automated investing into diversified ETF portfolios built by experts. You can invest spare change with Round-Ups® or set up recurring investments starting as low as $5. Plus, you can even invest in bits of Bitcoin! ₿
- Save: Build an emergency fund with a competitive 4.29% APY and earn 2.72% on your checking account with the Mighty Oak debit card. 🏦
- Additional Perks: Includes a kids & teen debit card through GoHenry, bonus investments when shopping at 15,000+ brands, and access to articles, videos, and live Q&As to enhance your financial knowledge. 📚
Subscription Plans:
- Bronze ($3/month): Investing tools to get you started, including Round-Ups®, expert-built portfolios, and a retirement account.
- Silver ($6/month): Everything in Bronze, plus a 1% IRA match, emergency fund, and access to financial education resources.
- Gold ($12/month): Full suite of tools for the whole family, including a 3% IRA match, investment accounts for kids with a 1% match, GoHenry debit card, individual stock selection, and even a $10,000 life insurance policy. 👨👩👧👦
Acorns prioritizes your security with features like 2-factor authentication, fraud protection, and 256-bit data encryption. Investment accounts are SIPC-protected up to $500,000, and checking accounts are FDIC-insured up to $250,000. ✅
Whether you're new to investing or planning for your family's future, Acorns provides the tools and resources to help you achieve your financial goals. 🚀 Start growing your oak today! 🌳
Features
Automated investing with diversified ETF portfolios 📈
Round-Ups® invest spare change automatically 🪙
Invest in Bitcoin-linked ETFs ₿
Personalize portfolio with individual stocks 🍎
Save for retirement with Acorns Later 🏦
Invest for kids with Acorns Early 👶
Emergency fund with high APY 🚨
Checking with APY using Mighty Oak debit card 💳
Kids & Teen debit card via GoHenry 👨👩👧👦
Earn bonus investments shopping favorite brands 🛍️
Pros
Easy, automated investing for beginners 🤖
Diversified ETF portfolios built by experts 👨💼
Invest spare change with Round-Ups® 🔄
Personalize portfolio with individual stocks 🍎
Emergency fund with high APY 🚀
Checking account with competitive APY 💰
Cons
Subscription fees may not suit all users 💸
Bitcoin investments are subject to volatility 📉